In Privilege one can increase Sum Assured starting from _______ policy year at each policy anniversary date.
5th
6th
7th
8th
In Privilege the option to increase Sum Assured is not allowed after the Life Assured has attained the age of ____ year (last birthday).
45
50
60
65
Mr. Sharma had opted for a Privilege plan with Sum Assured 20 times of annual premium, he is paying monthly premium Rs. 30000/-. His Current Fund Value is Rs. 590000/-. His current Sum at Risk is:
72,00,000
59,00,000
0
66,10,000
5,60,000
Mr. Sharma was told at the time of purchasing the Privilege plan that the plan provides guaranteed additions for in-force policies; from which policy year will the Guaranteed Addition starts:
From the beginning of 9th policy year till maturity
From the beginning of 8th policy year till maturity
From the end of 8th policy year till maturity
From the end of 9th policy year till maturity
Privilege Plan is a___
Participating Unit Linked Plan
Non-Participating Traditional Plan
Non-Participating Unit Linked Plan
Participating Whole Life Plan
Non-Participating Whole Life Plan
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